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The interchange goes to the card issuer, not to the scheme. Visa and MasterCard fees are the smallest part of the overall fee charged by the payment processor.
by hocuspocus 5y ago
The interchange goes to the card issuer, not to the scheme. Visa and MasterCard fees are the smallest part of the overall fee charged by the payment processor. (That said it might be higher in the US, I don't know).
- Scoundreller 5y agoA lot of the incentive to pay by card evaporates if the vendor pushes the fee to the customer. The incentive to issue cards evaporates when there’s less fee to collect. Both would be bad upstream for visa/Mc/Amex.
- JackFaker 5y agoWorks mostly the same in the US